The Fiji Revenue and Customs Service has reported a total revenue collection of $2.281 billion between August 2024 and March 2025, with 69 percent of the revenue collected so far compared to the target of $3.298 billion.
This was highlighted by FRCS Board Chairman, Malakai Naiyaga during the National Tax Day Celebration in Nasese this morning.
Naiyaga says in the same period last year, they collected around $1.967 billion which was below the cumulative forecast by $82.8 million or 4 percent.
The Chair says consistent monthly revenue growth has played a key role in maintaining a positive variance against the monthly forecast.
He further says the boost in collection is attributed to the favourable cumulative collection of key tax types such as VAT, which contributed $1 billion or 45 percent towards the total collection so far, income taxes contributed $670 million or 29 percent, trade taxes contributed $391.8 million or 17 percent, and other taxes and levies contributed $181.3 million.
He adds this event serves not only as a celebration but also as a platform to raise awareness about the significance of taxation in promoting economic sustainability and national development.
The theme for this year's celebration, "Empowering Sustainable Growth Through Fair and Collaborative Taxation," underscores the role of an equitable tax system as a driving force for sustainable development and national growth.
Naiyaga also highlighted the importance of cooperation among citizens, businesses, tax advisors, tax agents, and the government in implementing policies of integrity and respect, thereby fostering confidence and excellence in public service delivery.
He also acknowledged the contributions of all taxpayers, stating that fair taxation is fundamental to building the Fijian economy.
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